Dear frds/ experts,
Is it compulsory to file loss return for propriership firm, in case it has been closed?
Earliest reply would be greatly appreciated.
Thanks in adv / Maya.
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Loss return -doubt
Replies (3)
Not necessary and compulsory to include loss in proprietory Business. If other sources of income are there and exceeding basic limit then file return for those income
thanks for ur timely & prompt reply
Welcome Madam
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